ASBISc Enterprises Plc Stock Forecast
Green day on Friday for ASBISc Enterprises Plc
(Updated on May 17, 2024)
The ASBISc Enterprises Plc stock price gained 0.0800% on the last trading day (Friday, 17th May 2024), rising from 25.00zł to 25.02zł. During the last trading day the stock fluctuated 1.61% from a day low at 24.82zł to a day high of 25.22zł. The price has been going up and down for this period, and there has been a 1.71% gain for the last 2 weeks. Volume fell on the last day by -15 thousand shares and in total, 38 thousand shares were bought and sold for approximately 946.78zł thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.38% during the next 3 months and, with a 90% probability hold a price between 21.21zł and 24.92zł at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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ASB.WA Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 2.21%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The ASBISc Enterprises Plc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 25.81zł. On a fall, the stock will find some support from the short-term average at 24.89zł. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
A buy signal from a double bottom formation was found on Thursday, April 25, 2024 and based on theory for this formation the price should go up by 21.95% to 30.51zł within 27 trading days since signal was issued (Monday, May 20, 2024).
Support, Risk & Stop-loss for ASBISc Enterprises Plc stock
ASBISc Enterprises Plc finds support from accumulated volume at 25.00zł and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved 0.400zł between high and low, or 1.61%. For the last week the stock has had daily average volatility of 1.81%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ASB.WA) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect ASBISc Enterprises Plc to open at 25.02zł, and during the day (based on 14 day Average True Range), to move between 24.32zł and 25.72zł, which gives a possible trading interval of +/-0.699zł (+/-2.80%) up or down from last closing price. If ASBISc Enterprises Plc takes out the full calculated possible swing range there will be an estimated 5.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 25.00zł (0.08%) than the resistance at 25.12zł (0.40%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ASBISc Enterprises Plc stock A Buy?
ASBISc Enterprises Plc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.731 Sell Candidate Unchanged
Predicted Opening Price for ASBISc Enterprises Plc of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 25.02zł ( 0%) | 25.02zł |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASB.WA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25.42 | 1.60 % | |
| R2 | 25.27 | 0.99 % | ||
| R1 | 25.17 | 0.611 % | ||
| Current price: | 25.02 | |||
| Support | S1 | 24.87 | -0.611 % | |
| S2 | 24.77 | -0.99 % | ||
| S3 | 24.62 | -1.60 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.30 | 5.12 % | |
| R2 | 25.24 | 0.88 % | ||
| R1 | 25.12 | 0.400 % | ||
| Current price | 25.02 | |||
| Support | S1 | 25.00 | -0.0799% | |
| S2 | 24.56 | -1.84% | ||
| S3 | 24.36 | -2.64% |
ASB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 14, 2024 | Jun 14, 2024 | Jun 27, 2024 | 1.18zł | 4.75% |
| 2 | Nov 24, 2023 | Nov 24, 2023 | Nov 24, 2023 | 0zł | 0% |
| 3 | Jun 23, 2023 | Jun 23, 2023 | Jun 23, 2023 | 0.250zł | 0.91% |
| 4 | Nov 16, 2022 | Nov 16, 2022 | Nov 16, 2022 | 0.200zł | 0.89% |
| 5 | May 13, 2022 | May 13, 2022 | May 13, 2022 | 0.100zł | 0.794% |
FAQ
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